21/04/2010. StarxInvest Review and Other News

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi guys! Before we get to this evenings news let me remind you that there are two updates on MNO today so if you didn’t already know you should go back and read this afternoon’s article where I already started the day’s news. Just in case you think I missed anything. And there was a couple of interesting updates there as well so do remember to check it out. But before continuing with the rest of the news I’d like first to talk about a program called StarxInvest, a new long term HYIP added to my list just last Monday.

Well, I’m calling it a long term HYIP but in fact it’s the latest “no expiry date” program to be featured, i.e you deposit just once and continue to be paid interest on that one deposit for as long as the program survives. It could be days, it could theoretically be years. I doubt it will be either extremity but StarxInvest looks a decent prospect and I’d be reasonably hopeful they’ll be online long enough that plenty of us can profit from it if you get in at the right time.

StarxInvest have two plans for you to choose from, though there are a number of variations within depending on how much money you want to risk. One plan makes daily payouts (and that’s where we’ll start) and another that makes weekly payments. If you opt for the daily payments then your options are as follows. For investments between a minimum of $10 and a maximum of $999 you are offered a daily interest payment of 1.5%. This would see you break even after 67 days and be in pure profit after that.

If you like something a little bigger and don’t mind paying for it then for investments between $1000 and $4999 StarxInvest offers you daily payments of 1.7%. That would see you earn back an amount equivalent to your principal after 59 days, so everything after that would be pure profit.

And for the big spenders StarxInvest offers an interest rate of 2% per day on all deposits $5000 and up, with the maximum spend capped at $100,000. Ask nicely and they may take an extra couple of bucks from you(!). But at that rate you can break even after 50 days and be earning a passive profit after that.

Before we move on to the weekly plan something important you need to be aware of is the withdrawal option. As I said StarxInvest is a perpetual program with no expiry date on the plans but should you wish to leave at any point you need to remember that there is a minimum lock-in period of 100 days on your principal. Now no matter what plan you join under if StarxInvest runs that long you are going to be well and truly in profit by that time, so if you have been satisfied with their performance you need to consider that you’re giving up a passive income on a principal that you’ve already earned back. Therefore your “final” profit if there is to be one is pretty much up to yourself. As an investor that’s how I would see it but as a monitor I’m also committed to remaining a member there anyway. But that’s just me. You do what’s best for you.

And so to the weekly plan. For this StarxInvest again require a minimum investment of $10. Anything between that and $999 will bring in a weekly interest payment of 12% for the programs duration. This compares to 10.5% over an equivalent 7 day period for the same size investment in the daily plan, so think about whether you think it’s worth the extra risk before you join. But anyway, 12% will see you break even after your 9th weekly payment so the profit comes in after that.

Options for the bigger investors include a weekly payment of 13.5% on all deposits from $1000 to $4999. That will take you 8 weeks to earn your principal back and start collecting profits.

Finally for deposits bigger that $5000 StarxInvest offers 15% interest per week enabling you to break even on receipt of your 7th weekly payment.

Again StarxInvest have a lock-in period for your principal in the weekly plan. This time it’s 14 weeks (almost the same as the daily plan) so you can collect your principal and leave anytime you like after that. Or stay put as the case may be because the same thing applies here as in the daily plan, i.e you’re going to be long since in profit before you can withdraw so consider how much it’s worth to you first.

StarxInvest is accepting four popular payment options: LibertyReserve, PerfectMoney, StrictPay and GlobalDigitalPay. All popular but still not making it any better than average. Payouts are manual so your going to have to request them. The admin asks you allow him up to 48 hours to get it processed, though at this early stage it’s fair enough to expect them a bit faster.

Most of you will probably recognize the StarxInvest script as coming from GoldCoders, who have licensed it. If you don’t recognize it it’s because it’s been somewhat modified. The program is hosted on a dedicated server by BlackLotus who should be able to provide them with the necessary level of protection from DDoS attacks. Unfortunately SSL encryption is not being used to protect your account area. Any questions about this or any other aspect of StarxInvest can be put to the admin by either submitting an online support ticket on the form on the contacts page or by e-mailing direct one of the addresses provided.

The design is decent enough. It’s easy to navigate and it’s all fairly well explained. The texts are all original as well so it’s nice to see someone make the effort for a change. Though I tend to doubt the story about them being a group of six expert ForEx traders. Honestly, doesn’t anyone anywhere ever lose money on ForEx dealing? Anyway, I don’t believe that particular activity can get you returns of this size, even if StarxInvest themselves describe them as “low” in their FAQ page. Better then just to take them as a regular online HYIP until more substantial evidence is presented on that.

Of course even if we did have that evidence it still wouldn’t guarantee your investment anyway, so as usual follow the rule of thumb with any HYIP and not spend what you really can’t afford. In the case of StarxInvest remember too the lock-in period for your principal, so make sure it’s a sum you can comfortably do without for the coming weeks and months until you can earn it back. But as HYIPs go StarxInvest isn’t bad and has potential. There’s definitely room for a program like this at the moment anyway.

OTHER NEWS FOR TODAY.

As far as I could understand from the latest update from PanaMoney interests will not be credited to members accounts for a week due to the implementation of a new trading platform. However, now they seem to be using this excuse to delay the payouts even further. Thanks to some of my readers I was informed they received a message from PanaMoney support stating:
“The withdrawals will be processed when the integration with the payment processors is complete.”
So then the next logical question arises: if the withdrawals cannot be processed because of this integration why are deposits still being accepted? There doesn’t apper to be any problem integrating them! I find this approach absolutely intolerable so I have decided to move PanaMoney to Waiting status on my blog for a week and will move it back to Paying only after the pending payments are processed. Please be warned: all new deposits in PanaMoney are not recommended at this time. It looks to me that the last surviving giant of the HYIP industry is going to collapse any minute now. OMG, where is this industry heading, guys?

One more program that might be moved to Waiting status on my blog soon is PerellaInvestment. For some reason the instant withdrawals have been switched off in the accounts and I got a report from somebody stating that he was not paid for the last 24 hours. I have contacted the support of PerellaInvestment already and will be waiting for their reply regarding the pending till tomorrow morning. I hope they will pay to everybody by that time otherwise they will be moved to Problem status on MNO.

I also moved StereaFunds to Waiting status on MNO due to the inaccessibility of the site for some time with no update from the admin providing an explanation of the issue. Hopefully it will return soon.

Roger Miller, who was the real admin of Cashift which had some level of moderate success and lasted for one month promised to return with a vengeance with his new program. I’m not sure what it will be as I was not told about that by “Roger”, however I’m looking forward to seeing it in action and if the admin asks will be glad to monitor it on MNO. One point I want to emphasize which also the admin of the newly launched MoneyMakersGroup (will be reviewed on MNO soon) told me today: MoneyMakersGroup which is offering 10%-12% for 12 days has absolutely nothing to do with Roger. This I can confirm as well to you. Anyway, this is the surprising email from the admin of already demised Cashift I received today:
“Hello Everyone,
I hope everyone is doing good. Thank you for giving me a chance to make a site for you again. And thanks for giving value to my hard work and for seeing my clean intentions to run a fair site. I appreciate this a lot.
I am preparing for our next program. The name will be announced when it is to be launched. This coming week will be a great week for all of us and for this industry because the new program will open its doors to everyone. I hope this satisfies all questions you have regarding the new program you’ve been waiting for.
Everyone knows that I was banned from MoneyMakerGroup forum now for having multiple accounts, after I openly admitted that I am USDRoger of Investimates too. Anyway there are other forums out there where I have no account yet so I can register there too. I will make announcements when the program is launched through the forums. I will get an assistant to post on the MoneyMakerGroup forum for me so we can keep in touch there.
Of course the live chat support system will stay so we can communicate and I might add customer support representatives and possibly hire from active supporters/members.
I want to address this very important issue I just heard of, they are thinking that MoneyMakersGroup and MilkManCartel are mine. BUT THEY ARE NOT MY PROGRAMS. My program is yet to be launched this coming week. So please standby for that and I will publicly announce that it is mine when I launch it. They are trying to immitate me on hopes that people will think they are mine and mislead so they will join. So please beware.
Thanks for this opportunity.
Regards, Roger / Owen”.

After the first successful two weeks online the admin of Rags2Richness is starting some grand referral contest with huge prizes of over $1500 in total that will be distributed among the best referrers in seven days. I believe this contest could bring many new investors to Rags2Richness which became more popular after adding AlertPay and SolidTrustPay as payment options recently. I remind you that there are two investment plans to choose from in Rags2Richness: 3.5%-5% for 45 days and 27%-40% for 7 weeks. More about the program can be read in my detailed review published here. And below you can read the latest newsletter from the admin of Rags2Richness announcing the new referral contest:
“To start off today’s newsletter I would like to give a big warm WELCOME to all the new members. Rags2Richness has been online now for 2 weeks. During this time our business has been doing extremely well and we know that our members are a major driving force in our success, therefore we want to share the wealth with our valued members and start our first competition of many to come. This contest will carry a grand prize of $1000.
The member to refer the most new members + deposits to Rags2Richness will get a grand prize to any payment processor of his choice. We will also have more cash prizes for 2nd to 10th place as follows:
1st – $1000, 2nd – $250, 3rd – $100, 4th – $50, 5th – $35, 6th – $25, 7th – $20, 8th – $15, 9th – $10, 10th – $5
The competition will start from today 21st April and run for a week until the 28th April where the winners will be announced and given their cash to which ever processor they decide. This contest is for all members of Rags2Richness and will count for referrals acquired from today till the 28th to give everyone a fair chance. We will give updates of the contest rankings periodically during the week so everyone can keep track of how their competition is doing and standings. All processors are accounted for and all countries also. Referral commissions will still be given for these new referrals brought in irrelevant if you are 1st place or not in the top 10.
If anyone has any further questions please don’t hesitate to contact us through our contact form or on support@rags2richness.com
Take care & Best Regards. Stuart
Rags2Richness Admin”.

Here is the list of the programs from which I was paid today:
AlphaMoney, BritishFinanceGroup, TrueEarn, SureBetInv, SolidTrader, Rags2Richness, ForexPaidMe, StarxInvest, MoneyBreeze, Aballong, DollarTime, BetExpekt, AvaInvestment, EForexInvestment, DorealCapital, ForexNetClub, RedOrchidInvest, Oico, Plents, PenninesFunds, HYIPnet, EuroNanoInvest, PanaMoney, IntermedInvestments, YingYangInvestment, MoneyPlus, EzProfit, YesInvestment, GoldenInvestment, WestFinance, MoneyMakersGroup (the first payment received) and StaunchFinance (the first payment received)

That’s it for today, guys. I hope to see you on my blog tomorrow with a detailed review of StaunchFinance of which I am very enthusiastic and more new from the industry. Stay tuned that and always stay on the money with Money-News-Online!